The Polyurethane Processing Machine by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Polyurethane Processing Machine, The polyurethane processing machine market size has grown strongly in recent years. It will grow from $3.77 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growing industrialization, innovation in material applications, automotive industry expansion, construction boom, consumer goods manufacturing, regulatory standards and compliance.
The polyurethane processing machine market size is expected to see strong growth in the next few years. It will grow to $4.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to rising demand in end-user industries, sustainable practices, urbanization and infrastructure development, customization and specialized applications, globalization of supply chains. Major trends in the forecast period include automation and industry 4.0 integration, energy efficiency and sustainability, customization and flexibility, digitalization and smart manufacturing, material innovations, strategic partnerships and collaborations.
The increasing construction of residential and commercial buildings is expected to boost the growth of the polyurethane processing machine market going forward. The construction sector refers to the area of business and manufacturing that is concerned with building, preserving, and fixing infrastructure. Polyurethane rigid foam is crucial to the structural integrity of both commercial and residential structures in the construction sector. It decreases noise while also offering excellent insulation for walls, doors, and windows. Hence, the increased construction of residential and commercial buildings is will lead to an increase in the demand for polyurethane processing machines. For instance, according to a 2022 report published by the bureau of economic analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the increasing construction of residential and commercial buildings is driving the growth of the polyurethane processing machine market.
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The polyurethane processing machine market covered in this report is segmented –
1) By Type: High Pressure, Low Pressure
2) By Product: Dosing Systems, Mixing Heads, Metering Equipment, Foaming Equipment, Other Products
3) By End-Use: Construction, Automotive, Medical, Consumer Products, Other End Uses
Product advancements are the key trend gaining popularity in the polyurethane processing machine market. Major companies operating in the polyurethane processing machine market are focusing on developing advanced products to sustain their market position. For instance, in October 2021, Huntsman Corporation, a US-based manufacturer and marketer of chemical products, launched the ACOUSTIFLEX LE and RUBIFLEX LE, a new range of low-emission polyurethane systems for automotive interiors. These cutting-edge technologies enable global foam producers and automotive formulators to create high-performance polyurethane foams while drastically lowering interior emissions levels to satisfy OEM regulations. The first fully commercialized technologies on the market are the line of low-emission polyurethanes from ACOUSTIFLEX LE and RUBIFLEX LE. These goods were created for components used in sound insulation and seating for automobiles. They are frequently employed in the production of a wide variety of industry-standard automobile components, simplifying supply chains and reducing the variety of PU materials that companies must buy.
The polyurethane processing machine market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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